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PSE Circular for Brokers No. 2750-98

PSE Circular for Brokers No. 2750-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 14, 1998

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December 14, 1998 PSE CIRCULAR FOR BROKERS NO. 2750-98 December 11, 1998 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : Please be advised of the acquisition of Benpress Holdings Corporation on December 10, 1998 of 18,884,443 shares of PCIBank registered in the names of the following stockholders identified with the Gatchalian Group of Companies, increasing its stake in the Bank from 17.7% to 30%: Stockholder No. of Shares International Polymer Corp. 5,160,836 Recovery Development Corp. 635,280 William T. Gatchalian 599,707 Shrimplex International Corp. 7,572,132 Pacific Aqua Ventures Corp. 4,766,488 Dee Hua T. Gatchalian 150,000 TOTAL 18,884,443 ======== Thank you for your kind attention. Very truly yours, PHILIPPINE COMMERCIAL INTERNATIONAL BANK By: (SGD.) MARCIAL O.T. BALGOS Corporate-Secretary

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